Industrial Revolution
Flashcard
•
History
•
9th - 12th Grade
•
Hard
Wayground Content
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12 questions
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1.
FLASHCARD QUESTION
Front
This economist believed in utopianism.
Back
Robert Owen
2.
FLASHCARD QUESTION
Front
This economic theory says that the government should not interfere in the economy.
Back
Capitalism
3.
FLASHCARD QUESTION
Front
This economist believed in communism.
Back
Karl Marx
4.
FLASHCARD QUESTION
Front
This economic theory states that wealth should be distributed equally among everyone. Everyone gets what they need.
Back
Socialism
5.
FLASHCARD QUESTION
Front
This economist believed in socialism.
Back
Saint-Simon
6.
FLASHCARD QUESTION
Front
This economic theory states that there should be no economic classes (ex. no rich, no poor).
Back
Socialism
7.
FLASHCARD QUESTION
Front
This economic theory states that competition and supply and demand will determine the prices of goods.
Back
Capitalism
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